A new Fund for South L.A. Founders announced their first class of 20 Black and Latino entrepreneurs this week. The class represents a cross-section of tech-inspired entrepreneurs from bakers to social media purveyors. The cohort was selected from a pool of about 200 applicants, many of whom struggled during the pandemic era downturn.
The fund was created by PledgeLA to address racial inequity and the economic decimation among communities of color. The monies were awarded to rising, innovative entrepreneurs of color. Also, unlike some accelerators, the fund does not take equity in exchange.
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- Is South Los Angeles the Next Tech Hub? - dot.LA ›
For a lot of youth, 2020 was a lost summer. No internships, summer jobs looked bleak and graduation was dampened.
Joseph Hernandez Terrejon was one of them. Now, he runs a platform that connects barbers, hair stylists and makeup technicians with their clients in a safe environment.
Hernandez Terrejon, a 21-year-old Pasadena City College student, came up with the idea after his sister's hair salon closed and she began booking at-home appointments.
"I am Black ambition, I am always whisperin'," begins the new Pharrell Williams and Jay-Z collaboration, "Entrepreneur."
The song, released on Thursday to coincide with a Time magazine cover package on "The New American Revolution," is a tribute to the Black entrepreneurs across the world who push on in the face of systematic disadvantages.
Williams and Jay-Z, both entrepreneurs and investors themselves, use the video to highlight Black founders and their hustle from Adé Neff, owner of Ride On in Leimert Park, to Denise Woodward, the founder of Partake Food, which Jay-Z's Marcy Venture Partners help lead a $1 million investment.
- Pharrell Williams Launches Black Ambition Incubator - dot.LA ›
- Los Angeles' Top Entrepreneurs, as Picked by its VCs - dot.LA ›